David T C Davies
Main Page: David T C Davies (Conservative - Monmouth)Department Debates - View all David T C Davies's debates with the Cabinet Office
(5 years, 7 months ago)
Commons ChamberThe hon. Lady raises an important point about the worst inequality, as she described it—that between London and Wales. The facts speak for themselves, but those inequalities have built up over some time. I would also point to the relative positive growth in Wales compared with other parts of the UK and the enhanced funding settlement that has been negotiated under the fiscal framework. So I am optimistic and excited about our future outside the EU.
Does my right hon. Friend agree that the UK shared prosperity fund offers a cast-iron guarantee that Wales is not going to lose out financially as a result of Brexit, and will he consider ensuring that that money goes directly to local authorities so it is spent in the best possible way?
My hon. Friend makes an extremely important point. Like me, he was an Assembly Member in 1999 when the first form of European aid on this scale was discussed. It was described as a once in a lifetime opportunity. Sadly, we have qualified twice since and that is because of the relative failure of the existing programmes.